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Lease Commitments | 12 Months Ended
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Dec. 31, 2017
Leases [Abstract] |
Lease Commitments |
(9) | Lease Commitments
The Company currently leases stores, distribution and headquarters facilities under non-cancelable operating leases. The Company’s leases generally contain multiple renewal options for periods ranging from five to ten years and require the Company to pay all executory costs such as maintenance and insurance. Certain of the Company’s store leases provide for the payment of contingent rent based on a percentage of sales. Rent expense for operating leases consisted of the following:
|  | Year Ended |
|  | December 31, 2017 |  |  | January 1, 2017 |  |  | January 3, 2016 |
|  | (In thousands) |
Rent expense |  | $ | 75,250 |  |  | $ | 72,631 |  |  | $ | 71,541 |
Contingent rent |  |  | 393 |  |  |  | 513 |  |  |  | 654 |
Total rent expense |  | $ | 75,643 |  |  | $ | 73,144 |  |  | $ | 72,195 |
Future minimum lease payments under non-cancelable leases as of December 31, 2017 are as follows:
Year Ending: |  | Capital Leases |  |  | Operating Leases |  |  | Total |
|  | (In thousands) |
2018 |  | $ | 1,933 |  |  | $ | 80,889 |  |  | $ | 82,822 |
2019 |  |  | 1,526 |  |  |  | 71,192 |  |  |  | 72,718 |
2020 |  |  | 1,045 |  |  |  | 57,131 |  |  |  | 58,176 |
2021 |  |  | 361 |  |  |  | 41,143 |  |  |  | 41,504 |
2022 |  |  | 26 |  |  |  | 29,061 |  |  |  | 29,087 |
Thereafter |  |  | — |  |  |  | 58,019 |  |  |  | 58,019 |
Total minimum lease payments (1) |  |  | 4,891 |  |  | $ | 337,435 |  |  | $ | 342,326 |
Imputed interest |  |  | (337 | ) |  |  |  |  |  |  |  |
Present value of minimum lease payments |  | $ | 4,554 |  |  |  |  |  |  |  |  |
(1) | Minimum lease payments have not been reduced by sublease rentals of $0.7 million due in the future under non-cancelable subleases.
In the fourth quarter of fiscal 2016, the Company entered into an assignment agreement for a certain store lease. In consideration for the assignment, the Company received an assignment fee of $4.3 million. The assignment is accounted for as a sublease arrangement and the assignment fee has been deferred into accrued expenses and other long-term liabilities in the accompanying consolidated balance sheets. The remaining balance of the deferred lease revenue as of the end of fiscal 2017 was $2.9 million, and $0.9 million per year will be recognized ratably into revenue over the remaining lease term of approximately three years.

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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